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Anonymous

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Asked: Dec 14th, 2014

Question description

Connick was the payee of a note issued by Sisco for $3,000 that Sisco had postdated by two weeks. The due date of the note arrived and Connick offered to transfer it on that date to Horta for $2,890. If Horta buys the note for that price knowing of its irregularity, can he be a holder in due course of the note?